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Delaware Mortgage Rates Weekly Update for May 19, 2014

John Thomas May 18, 2014 Tags: , , , , ,

Delaware Mortgage Rates weekly update for the Week of May 19, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates ended the week at lows not seen since November 2013. If you look at the mortgage bond chart below you can see mortgage bonds hit highs from October 2013 on Thursday but then sold off and are hanging at support. We are recommending FLOATING your Delaware Mortgage Rate to start the week as long as bonds remain above the level of support. If bonds drop below support we will quickly switch to a locking stance. Keep Reading...

Dover Delaware Home Buyer Seminar June 14, 2014

John Thomas May 16, 2014 Tags: , , , ,
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Delaware First Time Home Buyer Seminar on Saturday, June 14, 2014, at 10 AM in Dover, Delaware. The seminar will last about 2 hours and each participant will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. You will be able to get pre-approved at the seminar by a Delaware Mortgage Company. Keep Reading...

Delaware Mortgage Rates Weekly Update for May 12, 2014

John Thomas May 11, 2014 Tags: , , , , ,

Delaware Mortgage Rates weekly mortgage rate update for the Week of May 12, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates moved to the lowest rates we have seen since October 2013 as the stock market stalls and tension overseas move money into bond markets. If you look at the mortgage bond chart below you can see mortgage bonds hit highs not seen since October 2013 last Thursday.  As mortgage bonds move up in price, the interest rates moved down. We recommend LOCKING your Delaware Mortgage Rate to take advantage of the lowest rates we have seen all year. The risk is that rates could move higher not lower in the short term as traders book in profits on the recent run-up in bond prices. Keep Reading...

Delaware Mortgage Rates Weekly Market Update for May 5, 2014

John Thomas May 4, 2014 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage rate update for the Week of May 5, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates moved lower last week as the rally in the bond continued and even bounced back after a very good jobs report on Friday.  If you look at the mortgage bond chart below you can see mortgage bonds were all green candles every day last week which means bonds closed higher than opened. As bond prices move up, mortgage interest rates move lower so last week Delaware mortgage rates continued to improve. We are recommending FLOATING your Delaware mortgage rate to start the week to see if bonds can continue to rally. Keep Reading...

Maryland First Time Home Buyer Seminar May 3 2014

John Thomas April 27, 2014 Tags: , , ,

Maryland First Time Home Buyer Seminar Saturday, May 3, 2014, from 10 AM till Noon in Clinton, Maryland at the Rockville Hilton Hotel. Call 410-412-3319 to register or register online at Maryland Home Buyer Seminars. The seminar will cover all the basics of purchasing your first home in Maryland. You will be able to receive a copy of your credit report and your credit score at the seminar. You will also be able to request a pre-approval meeting with a mortgage planner to discuss your loan options for purchase a home as well as first time home buyer programs. Keep Reading...

Delaware Mortgage Rates Weekly Update for April 28, 2014

John Thomas April 27, 2014 Tags: , , , , ,
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mortgage bond chart 04-25-2014

Delaware Mortgage Rates weekly mortgage rate update for the Week of April 28, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates improved last week as the Stock Market sold off and tensions overseas escalated. If you look at the mortgage bond chart below you can see mortgage bonds were able to bounce off a floor of support last week and recover the losses from the previous week sell-off.  The short term trend is for mortgage rates to move lower so we are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can continue to rally to start the week. Keep Reading...

Maryland Home Buyer Seminar May 24, 2014

John Thomas April 27, 2014 Tags: , , ,
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Maryland First Time Home Buyer Seminar

There will be a Maryland First Time Home Buyer Seminar on Saturday, May 24, 2014, at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Maryland. The seminar will cover Maryland FHA loans, Maryland VA loans, ,Maryland USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the Maryland FHA 203k Rehab loans. Each participate will receive a Credit Scoring Handbook, Home Buying Handbook, and an opportunity to meet with a certified mortgage planner to be pre-approved to buy a home at the seminar. You will also learn importance of credit in buying a home and learn valuable tips on how to improve your credit score. Learn what programs are available to help with down payment and closing costs. The new loan limits for conventional and FHA will be covered as well as changes to borrowing 100% financing.
Keep Reading...

Delaware Mortgage Rates Weekly Market Update for April 21, 2014

John Thomas April 21, 2014 Tags: , , , , ,
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Delaware Mortgage Rates weekly rate update for the Week of April 21, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates jumped higher on Thursday as mortgage bonds sold off and broke below the line of support. If you look at the mortgage bond chart below you can see the big red candle on Thursday showing the bond market selling off. Last week bonds drifted lower on Monday and Tuesday and tried to stabilize on Wednesday and Thursday but then sold off on Friday. We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if mortgage bonds can rally after the sell-off. Keep Reading...